📢 The decision on Changpeng Zhao's (CZ) lawsuit with the US government will be delayed, according to an announcement at the Seattle court.

- CZ, who pleaded guilty to violating AML procedures, was allowed to remain out of jail until sentencing on $175 million bail. An additional $15 million is deposited in the deposit account if bail conditions are violated.

- Zhao also had to pay a $50 million fine, while the exchange he used to run was fined $4.3 billion. He resigned as CEO.

⏰ Delayed 2 months

- Binance's former CEO is expected to face a court verdict later this month.

- However, the court's review process will only end on April 30. The written notice of the postponement of sentencing was published on February 12, according to CNBC. Zhao's lawyer also declined to comment for privacy reasons.

- This also causes CZ to be away from his family in Dubai for a while longer. Binance's former CEO requested to go there, citing a family member being hospitalized and preparing for surgery. Even though he offered his entire stake in Binance as a guarantee to return to the US, the request was still rejected.

🏛️ The Procuracy may recommend a heavier sentence

- The Procuracy has recommended a harsher sentence. Treasury Secretary Janet Yellen criticized CZ for allowing criminals to skirt the law.

- However, the defense argued that Binance's errors in AML were only due to negligence and lack of priority.

- The exchange also has a good track record in assisting law enforcement agencies in tracking down cyber criminals. With Zhao voluntarily admitting and cooperating with authorities, the possibility of the prosecutor's office achieving its wishes is not high. Even if the defense presents a reasonable argument, CZ can avoid a prison sentence.